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As of 5:15 PM on January 18th, Bitcoin is hovering around the $95,100 mark, with a 1-hour price change close to 0, essentially just wasting time. The bulls have little desire to chase higher, and the bears' selling pressure is also insufficient. Currently, it’s a typical narrow-range consolidation pattern.
From a technical perspective, the 5-period and 10-period moving averages on the hourly chart have already flattened, and the Relative Strength Index (RSI) is stuck at the neutral level of 50, showing no signs of overbought or oversold conditions. In the short term, there is no clear directional guidance. The key issue is that trading volume continues to shrink, indicating decreasing market participation.
The next trading strategy is crucial: it’s likely to fluctuate within the range of $94,900 to $95,300. If a genuine breakout is to occur, it must be accompanied by increased trading volume; otherwise, false breakouts are easy to fall for. In other words, without volume, don’t rush to chase the direction. Maintaining the boundaries of the range is the proper approach.